masterkey logo
2238 Wilmore Dr
Score
0
Charlotte, NC

2238 Wilmore Dr

619K
4 bd • 2 ba • 1,512 sf

This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$619,000

Price/Sq.Ft

$409

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Potential for rental income: With market rental rates for 4-bedroom homes in Charlotte at $3,280 per month, this property offers the potential for significant rental income. This can be an attractive feature for investors. • Location in Charlotte: The property's location in Charlotte provides access to a variety of amenities, employment centers, and cultural attractions. This can be a desirable feature for both owner-occupants and renters. • Opportunity for customization: The lack of detailed property features allows buyers to customize the property to their specific tastes and needs. This can be a valuable opportunity for those seeking a personalized home. • Rising median income: The median income in the area is $91,567, indicating a stable and affluent community. This can be a positive factor for property values and rental demand.

The Bad

• High price per square foot: At $409.39 per square foot, this property is priced above the average for the Charlotte area. This may indicate overpricing or the need for significant renovations to justify the cost. • Lack of property details: The absence of property features, room details, and utility information makes it difficult to assess the property's true value and condition. Buyers will need to conduct thorough due diligence to gather this information. • Unknown year built: The unknown year built raises concerns about the property's age, potential structural issues, and compliance with current building codes. Buyers should budget for potential repairs and upgrades. • Limited information: The lack of a property description and room details makes it difficult to visualize the property and assess its suitability for different lifestyles.

The Ugly

• Potential for significant renovations: The lack of property details and unknown year built suggest that the property may require significant renovations to bring it up to modern standards. This could include updating electrical, plumbing, and HVAC systems, as well as addressing structural issues. • High total cost of ownership: In addition to the purchase price, buyers will need to factor in the cost of renovations, property taxes, insurance, and ongoing maintenance. These expenses can significantly increase the total cost of ownership. • Risk of unforeseen problems: Due to the limited information available, there is a risk of encountering unforeseen problems during renovations or after purchase. This could include hidden structural damage, code violations, or environmental hazards. • Potential financing challenges: Lenders may be hesitant to finance a property with an unknown year built and limited information. Buyers may need to secure a higher down payment or explore alternative financing options.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Investors seeking rental income: With potential gross rental income of $3,280/month based on current market rates for 4-bedroom homes in Charlotte, this property presents a strong investment opportunity. The median income in the area is $91,567, suggesting a stable tenant base. • Buyers prioritizing location and accessibility: The property's location in Charlotte offers access to various amenities and employment centers. Its proximity to major highways and public transportation makes commuting convenient. • Buyers with renovation experience and vision: This property offers a blank canvas for customization and value addition. Buyers with the skills and resources to renovate the property can tailor it to their specific needs and preferences, potentially increasing its market value. • Buyers seeking long-term appreciation: Charlotte's real estate market has been experiencing steady growth, making this property a potential long-term investment. The city's growing population and strong economy support continued appreciation.

Not For

• Buyers seeking a move-in-ready property: Given the lack of property details and unknown year built, this property likely requires significant renovations and updates. Buyers seeking a turnkey home should consider other options. • Buyers with limited budgets: The combination of the purchase price, potential renovation costs, and ongoing expenses (property taxes, insurance, maintenance) may make this property unaffordable for buyers with limited financial resources. • Buyers prioritizing modern amenities and features: This property lacks detailed features and utility information, suggesting it may be outdated and lack modern amenities. Buyers seeking modern conveniences should explore other options. • Buyers averse to risk and uncertainty: The unknown year built, lack of property details, and potential renovation needs create a level of uncertainty that may deter risk-averse buyers.
Demographics
Area Median Income

$91,567

Property History

Price History
Ownership Timeline
$290,000Financed
Aug 27, 2018
Doyle Cooke Properties LlcRyan Mcmillan, Lauren Luongo Mcmillan
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Dec 6, 2017
Cameron James Ventures LlcDoyle Cooke Properties Llc
Warranty Deed
Non-Arm's Length Transactions
$230,000Cash Purchase
Mar 8, 2007
Metro Craftsman Homes LlcCameron James Ventures Llc
Warranty Deed
Standard Sale (Purchase/Resales)
$190,000Financed
Jul 24, 2006
Tietsort Investments Lllp IMetro Craftsman Homes Llc
Warranty Deed
Non-Residential Arm's Length Transactions
$0Cash Purchase
Jul 31, 2003
K Daren Tietsort, Jacqueline Jane TietsortTietsort Investments Lllp I
Warranty Deed
Non-Arm's Length Transactions

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Schools

Nearby school quality by education level

Elementary

4.0/10
Average

Middle

6.3/10
Good

High

4.5/10
Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,730

Get a detailed estimate on Zillow
Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$619,000
Price/sqft
$409
Layout
4 bd2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$624,511

0.9%

Your price is 0.9% below average

Median Price

$440,000

40.7%

Based on 6 recent sales

Price per Sq.Ft

$420

2.5%

Your price is 2.5% below average $/sqft

Comparable Properties

2711 Cowles Road, Charlotte, NC 28208
Price: $410,000
Sq.Ft: 1,371
Beds/Baths: 3/2
$/Sq.Ft:
$29927.0%
Sale Date: 12/5/2024
2644 Brentwood Place, Charlotte, NC 28208
Price: $440,000
Sq.Ft: 1,258
Beds/Baths: 3/2
$/Sq.Ft:
$35014.6%
Sale Date: 11/8/2024
730 E Kingston Avenue, Charlotte, NC 28203
Price: $1,095,000
Sq.Ft: 1,431
Beds/Baths: 3/2
$/Sq.Ft:
$76586.9%
Sale Date: 9/11/2024
2138 Revolution Park Drive, Charlotte, NC 28208
Price: $405,000
Sq.Ft: 1,561
Beds/Baths: 4/2
$/Sq.Ft:
$25936.6%
Sale Date: 8/26/2024
1712 Lyndhurst Avenue, Charlotte, NC 28203
Price: $1,087,066
Sq.Ft: 1,751
Beds/Baths: 3/2
$/Sq.Ft:
$62151.6%
Sale Date: 8/30/2024
2722 & 2724 Baltimore Avenue, Charlotte, NC 28203
Price: $310,000
Sq.Ft: 1,368
Beds/Baths: 4/N/A
$/Sq.Ft:
$22744.6%
Sale Date: 12/17/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Join 1,000+ buyers

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow listing.

Free Analysis
AI-Powered Insights
Instant Results